New Delhi: The Reserve Bank on Wednesday said it imposed a fine of about Rs 5.6 lakh on State Bank of India (SBI) for violation of currency chest norms. "The Reserve Bank of India has imposed a penal

New Delhi: Chief Economic Advisor Raghuram G. Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI). Rajan will replace D. Subbarao, who completes his five-year term on Sep

Barclays expects the RBI's cash tightening steps to be rolled back only in the December quarter as the Reserve Bank of India wants to avoid showing a lack of resolve about its measures by reversing t

New Delhi: Faced with a tight liquidity condition, two leading private sector banks - HDFC Bank and Axis Bank - have raised fixed deposit rates by up to 4 per cent, a move which may be followed by ot

Mumbai: The BSE benchmark Sensex on Tuesday plunged by 245 points, extending losses for the fifth straight session, on heavy selling in oil&gas, power, PSU and auto stocks after RBI lowered its G

Reserve Bank Tuesday cautioned that rupee depreciation will have adverse impact on prices of fuel and manufactured products in the coming months even as it aims to keep inflation at five per cent by March end.

Mumbai: The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market,

Ahmedabad: A day ahead of RBI's monetary policy review, Finance Minister P Chidambaram on Monday said the mandate of a central bank is not only to ensure price stability but also to promote growth an

Mumbai: The rupee on Friday rose by 41 paise to breach the 58 level against the dollar at 58.70 in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by expo

Mumbai: Banking stocks were battered badly on the bourses after the Reserve Bank of India (RBI) announced additional measures to suck liquidity in a bid to stabilise rupee. This pulled the markets do